National Australia Bank Ltd

NAB: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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National Australia Bank: Shares Overvalued, With Market Unfazed by Lack of Earnings Growth

Nathan Zaia

Aug 18, 2025

National Australia Bank's third-quarter cash profit of AUD 1.8 billion is relatively steady compared with a year ago. Nonrecurring payroll remediation costs mask the positive underlying earnings trajectory, with net interest margin up 8 basis points on the first half, to 1.78%, and loans up 2%.

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National Australia Bank Ltd

National Australia Bank: Shares Overvalued, With Market Unfazed by Lack of Earnings Growth

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